RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of LMFA
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High volatility in LM Funding America stock price on Thursday which ended trading at $3.66
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 11, 2024 Gain 547.21% PDF

The LM Funding America stock price gained 14.38% on the last trading day (Thursday, 28th Mar 2024), rising from $3.20 to $3.66. During the last trading day the stock fluctuated 15.94% from a day low at $3.20 to a day high of $3.71. The price has been going up and down for this period, and there has been a 20% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 77 thousand more shares were traded than the day before. In total, 189 thousand shares were bought and sold for approximately $690.39 thousand.

The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $2.82, a level that may pose a second chance to hit a runner. According to fan-theory $4.65 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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LMFA Signals & Forecast

Mostly positive signals in the chart today. The LM Funding America stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3.04 and $1.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 08, 2024, and so far it has risen 743.12%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). LM Funding America has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for LM Funding America stock

On the downside, the stock finds support just below today's level from accumulated volume at $3.26 and $3.18. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, LM Funding America finds support just below today's level at $3.26. If this is broken, then the next support from accumulated volume will be at $3.18 and $3.03.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.510 between high and low, or 15.94%. For the last week, the stock has had daily average volatility of 12.01%.

The LM Funding America stock is extremely overbought on RSI14 (79). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $3.53 (-3.42%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (LMFA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect LM Funding America to open at $3.52, and during the day (based on 14 day Average True Range), to move between $3.34 and $3.98, which gives a possible trading interval of +/-$0.323 (+/-8.84%) up or down from last closing price. If LM Funding America takes out the full calculated possible swing range there will be an estimated 17.67% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $3.26, some $0.400 (10.93%) from the current price of $3.66, our system finds the risk reward attractive.

Is LM Funding America stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for LM Funding America stock to perform well in the short-term period.

Current score: 5.869 Strong Buy Candidate Unchanged

Predicted Opening Price for LM Funding America of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.52 ( 3.73%) $3.66

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for LMFA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.03 10.20 %
R2 3.84 4.88 %
R1 3.72 1.59 %
Current price: 3.66
Support S1 3.33 -9.06 %
S2 3.21 -12.35 %
S3 3.01 -17.67 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 3.66
Support S1 3.26 -10.93%
S2 3.18 -13.11%
S3 3.03 -17.21%

FAQ

What is the symbol for LM Funding America Stock and on which exchange is it traded?
The symbol for LM Funding America is LMFA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell LM Funding America Stock?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for LM Funding America stock to perform well in the short-term period.

How to buy LM Funding America Stock?
LM Funding America Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy LM Funding America Stock.

What's the current price of LM Funding America Stock?
As of the end of day on the 2024-03-28, the price of an LM Funding America (LMFA) share was $3.66.

What is the 52-week high and low for LM Funding America Stock?
The 52-week high for LM Funding America Stock is $3.71 and the 52-week low is $0.272.

What is the market capitalization of LM Funding America Stock?
As of the 2024-03-28, the market capitalization of LM Funding America is 8.938M.

When is the next earnings date for LM Funding America?
The upcoming earnings date for LM Funding America is Apr 01, 2024.
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About LM Funding America

LM Funding America LM Funding America, Inc. operates as a specialty finance company. It provides funding to nonprofit community associations (Associations) primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois. The company offers funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. It is also involved in the ... LMFA Profile

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